!!CHRISTMAS SPECIAL!! 60% VTB Option at 0% for 6 Months!! Brick 2-Storey on a “Double Lot” in Oxford County (20 Min Northeast of Woodstock & 15 Min South of Waterloo)!! Assigned

  • $620,000 OR 650,000
  • 4 beds
  • 2 baths
  • 1900 sqft
Assigned
An amazing opportunity with this 1/3+ acre (approx. 132 x 132 ft) rural lot, surrounded by million dollar, custom-built homes, is its own custom 2-storey marvel of 1,900 square feet, with potential for nearly 3,000 livable square feet!! Built by the current owner, this property contains a pre-existing, oversized garage with a separate driveway on the other half of the same deeded lot. The property features a grey, all-brick exterior, 4 bedrooms + office, open concept kitchen, full basement with 7.5 foot ceilings, and 3 exterior entrances. An oversized workshop (exact square footage unknown) in need of a full rehab or tear down sits adjacent to the house, facing the main road. This lot footprint leaves many opportunities for the Investor to explore its highest and best use!! Further, there are nearby subdivisions with $950,000+, 3 bedroom, detached homes that are only 30 years newer. Located in the quaint township of Blandford-Bleinheim within 20 minutes of both Woodstock and Cambridge, but still secluded to feel like your own private country style home, with equal depth and frontage!!

We are selling our assignable purchase contract.

Closing is December 17th, 2021
*Please note: this is is the current scheduled completion date, as per our APS. However, the Seller’s Lawyer requires at least 2 weeks notice upon our Waiver Date to successfully close. Depending on the day of Assignment, the Buyer may need to close at the latest December 22nd, but more time is preferable in any case. Neither party will be penalized for this extension, if required.*

**Our APS comes with an option for the Buyer to take back a mortgage from the Seller at 60% LTV for 12 months, with the first 6 months at 0% interest and the last 6 months at 8% interest. If the Buyer wants this VTB, our APS price will increase for the Seller as will the Wholesale Price (see above for pricing options). The Buyer must decide if they want the VTB when making their offer. Our Assignment Fee will be slightly higher with the VTB.**

PROPERTY FEATURES
  • 2-storeys
  • 4 bedrooms + office
  • 2 full bathrooms
    • 4-piece bathroom located on the second floor
    • 3-piece bathroom located on the main floor
  • Built in 1987
  • Above grade: 1900 sq ft (as per MPAC)
    • First floor: 950 sq ft (as per MPAC)
    • Second floor: 950 sq ft (as per MPAC)
  • Full basement: 950 sq ft (as per MPAC)
    • Ceiling heights: (Buyer to verify all)
      • Subfloor to joist: 7’6”
      • Ductwork: 6’9”
      • Top of door frame: 6’8”
    • Basement stairs lead up to front entrance
    • Dual sump pump is located in the basement
    • Basement insulated with styrofoam
  • All appliances will be included
    • Portable shed located at the side of the house will not be included
  • House is entirely laminated floors, except for bathrooms
  • Stairwell walls are wall-to-wall solid oak
  • Main floor features a laundry room
  • Above grade basement windows at front of house
  • 200 AMP breaker panel is original (as per Seller)
  • Gas furnace is 6-years-old (as per install sticker)
  • HWT is new, and is rented (as per Seller)
  • Water softener is included, and appears to be older (exact age is unknown, as per Seller)
  • Central AC is 6-years-old (as per Seller)
  • Vinyl windows are 3-years-old (as per Seller)
  • Roof is 3-years-old (as per Seller)
  • Artesian well is ~130 ft deep (well has a new pump, as per Seller)
    • There is a new well pressure tank located in the basement (as per Seller)
  • Septic tank with leaching bed (as per Seller)
  • All brick exterior
  • Poured concrete foundation
  • 2-car garage/workshop that has its own double-wide driveway
    • Square footage is unknown , and MPAC doesn’t mention this accessory structure in its Property Report (Buyer to verify)
  • Private driveway fits at least 3 cars, single-wide
  • Lot size: 132 ft x 0 ft (as per MPAC)
    • Lot dimensions are listed as being 132.8ft. x 132.54ft. x 131.13ft. x 132.41ft (as per Geowarehouse) — Buyer to verify
  • Zoning: V (as per the Oxford County zoning map)
    • This property is zoned Village (V), which has different Permitted Uses and Provisions than Rural Residential (RR), but both allow for a Single Family Dwelling (see HERE). Neighbouring houses on Washington Rd are zoned RR (see map). RR allows Garden Suites, whereas V does not. An Investor could possibly rezone our lot to RR, which could allow this type of ADU to be built, subject to Code and other regulations. Another option could be to keep the V Zoning and rehab the garage into a proper Service Shop, and reconnect the hydro. Buyer to verify all Permitted Uses and all Provisions, as we make no warranties as to the true highest and best use. Revert here for the RR zoning bylaws.

PROPERTY NEEDS

  • Cosmetic updates
  • Option to finish basement, if desired
  • Garage in need of full rehab or demolition
  • Roof needs new soffits and fascia

 

Please click HERE for more pictures and information.

Price:
$620,000 OR 650,000
Address:
Oxford Rd 8 & Oxford Rd 3
Bright, ON
Square Feet:
1900
Lot Size:
132 ft x 132 ft
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1987
Basement:
Full

Call (289) 200-1500 for more details

Property Location